The Silencio Reward Economy
Unlocking Rewards: How Users Earn with Silencio
Last updated
Unlocking Rewards: How Users Earn with Silencio
Last updated
Silencio rewards user contributions through a dual system of in-app Coins and $SLC tokens. Any activity within the mobile app that adds value to the network earns users in-app Coins. The more Coins accumulated, the higher the likelihood of receiving more $SLC tokens.
$SLC tokens are Silencioʼs native cryptocurrency and serve as the ultimate reward for ecosystem participants. Companies purchase Silencio’s data using $SLC tokens, creating a sustainable value loop within the network. To support growth, the BlockSound Foundation issues $SLC tokens to community members through monthly airdrops to recognize their contributions.
$SLC tokens offer real utility within the Silencio ecosystem, with uses including, but not limited to, the following:
Data Purchasing: Silencioʼs data can only be bought with $SLC tokens, reinforcing a sustainable value cycle.
Premium App Subscription: Premium features within the Silencio app can be unlocked with $SLC tokens.
Staking Initiatives and Future Network Governance: Token holders can stake their $SLC tokens to vote on key decisions within the BlockSound Foundationʼs governance framework.
Developer Staking Requirements: Developers building dApps on Silencio must stake $SLC to access the network’s data.
The BlockSound Foundation oversees the distribution of $SLC tokens, allocating the largest share to the community to address the “cold start problem” and incentivize data sharing on the network. This structure encourages network growth and fosters utility, motivating participants to earn and hold $SLC tokens and supporting the expansion of Silencioʼs influence in areas of commercial interest.
In-app Coins is a point-based system that rewards user contributions to the Silencio network. Accumulating Coins boosts users’ future participation in the $SLC token distribution. In addition, in-app Coins can be spent in the Silencio shop for discounts on products and services, making them immediately valuable within the app. explains how users can maximize their in-app Coin rewards. The Silencio team retains the discretion to determine which actions are considered valuable and may adjust the Coin reward structure to reflect the network’s evolving dynamics and priorities.